Warning: stopped using a separate business bank account for 6 months and it was a nightmare | Tax Time for Creators - Freelance Forum - The Community for Independent Professionals
Warning: stopped using a separate business bank account for 6 months and it was a nightmare
I used to just mix personal and freelance money in one account because I thought it was easier. Then tax time came and I spent 4 hours sorting through Starbucks runs and printer ink receipts. Switching back to a dedicated account saved me at least $150 in accountant fees alone. Has anyone else dealt with untangling expenses after mixing accounts?
Not separating business and personal is a nightmare I’ve pulled myself out of too, lol. That $150 accountant fee you saved is probably on the low end of what you’d pay if they had to sort through six months of personal crap.